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What's up
  • [ March 24, 2026 ] Limits on credit union car loan participations eliminated under latest dereg proposal Federal financial regulation
  • [ March 23, 2026 ] Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool NCUA
  • [ March 20, 2026 ] Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay The Fed
  • [ March 19, 2026 ] Agencies release three proposals that will result in lower capital for nation’s banks, claiming ‘framework will be improved’ FDIC
  • [ March 19, 2026 ] Registration open for OCC workshops for community bank directors, senior management OCC
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SMCCF

The Fed

Fed to wind down portfolio of emergency facility (SMCCF) created to purchase corporate bonds

June 3, 2021 0

The nation’s central bank said it plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that ceased its purchases of eligible assets Dec. 31. […]

The Fed

Fed expands group of firms eligible for emergency lending facilities transactions, services

July 23, 2020 0

The group of firms eligible to transact with and provide services in three emergency lending facilities was widened Thursday by the Federal Reserve, which the central bank said would increase its “operational capacity and insight” […]

COVID-19 actions

Fed updates Secondary Market Corporate Credit Facility, set to purchase corporate bonds through September

June 15, 2020 0

Updates to its Secondary Market Corporate Credit Facility (SMCCF), established in March to support credit to employers  by providing liquidity to the market for outstanding corporate bonds, were announced Monday by the Federal Reserve Board. […]

Today

  • Limits on credit union car loan participations eliminated under latest dereg proposal

    March 24, 2026 0
    No limits on purchase or participation in indirect auto loans serviced by a third party would be imposed on credit unions under a proposal issued by their federal regulator Tuesday. In its so-called “eighth round” of deregulation proposals, the National [...]
  • Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool

    March 23, 2026 0
    The latest life-of-loan—or Weighted Average Remaining Maturity—factors are included in the March 2026 update of the simplified tool the federal regulator provides to smaller credit unions for estimating the allowance for credit losses on loans and leases, the agency said [...]
  • Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay

    March 20, 2026 0
    A former relationship banker at Regions Bank, Birmingham, Ala., is barred from any future service in federally insured financial institutions under a March consent order finding that she withdrew $323,500 from a bank customer’s account for her own benefit. The [...]

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